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<\/a><\/a>\nIn addition to $12 million in annual cash upside, Axia data also show:<\/p>
- \n
- \n36 percent reduction in total denial rate to 5.5 percent<\/li>\n
- \n37 percent reduction in total coding-specific denials to 2.4 percent<\/li>\n
- \nCoding accuracy above 96 percent<\/li>\n
- \n10 percent increase in charges and CPTs per visit due to identifying potentially missed billable services<\/li>\n
- \n$1.6 million increase in monthly collections to $14.3 million<\/li>\n
- \nImprovement of 1.3 days to 38.7 days in accounts receivable status<\/li>\n<\/ul>
\nAs Axia Women\u2019s Health scaled its multi-site network of OB\/GYN practices, breast health centers, high-risk pregnancy units, laboratories, urogynecology services, and fertility centers, IKS Health increased coding volume to 100 percent of sites, up from 60 percent, giving clinicians and care teams more time to spend with patients and less time on administrative tasks while providing consistent, high-quality patient care.<\/p>
\n\u201cBy taking on our most complex coding challenges, IKS Health created more time in our care center team\u2019s schedules to truly focus on what matters: patient care,\u201d said Michael Petit, CFO at Axia. \u201cThe financial results speak for themselves: improved charge accuracy, reduced denials, and $12 million in projected cash upside. But what matters most is that our clinicians can now practice at the top of their license, unburdened by administrative complexity.\u201d<\/p>
\nIKS Health coders worked as an extension of Axia\u2019s clinical and billing teams, validating clinician-entered CPT codes against supporting documentation to help ensure claims accurately reflected the level of care delivered. Regular chart reviews were used to identify opportunities to strengthen accuracy and support appropriate reimbursement, including aligning evaluation and management levels with supporting documentation and identifying and coding potentially missed billable services.<\/p>
\n\u201cWe take pride in creating a medical coding foundation for Axia Women\u2019s Health as their outsourced coding partner, standardizing processes, achieving performance benchmarks, and delivering consistent quality across sites,\u201d said Gaurav Jain, Executive Vice President, Delivery, Clinical Support Solutions & Digital Health Solutions at IKS Health. \u201cBy reducing rework, denials, and administrative friction, our model helps restore time, focus, and confidence for clinical and operational teams.\u201d<\/p>
\nAccess the full Axia coding case study<\/a> on the IKS Health website.<\/p>
\nAbout IKS Health<\/b><\/p>
\nIKS Health reduces the administrative, clinical, and operational burdens that slow healthcare down, giving clinicians and care teams the freedom to focus on delivering exceptional care. Through its Care Enablement platform, IKS Health integrates agentic AI workflows with human expertise to create smarter, more accurate operations, better outcomes, and financially sustainable growth across the care journey. Founded in 2006 and recognized by Black Book as the top provider of AI-driven RCM services, by KLAS for performance and client satisfaction, and by Google Cloud with a DORA Award for \u201cAugmenting Human Expertise with AI,\u201d IKS Health partners with the largest health systems, physician groups, and specialty practices across the United States. Learn more at ikshealth.com.<\/a><\/p>
\nInventurus Knowledge Solutions Limited is listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE). {Scrip codes: NSE - IKS and BSE - 544309}<\/p>
\nAbout Axia Women\u2019s Health<\/b><\/p>
\nAxia Women\u2019s Health is the nation\u2019s largest community-based, integrated women\u2019s health network in the country serving women throughout New Jersey, Pennsylvania, Indiana, and Kentucky. At its core, Axia Women\u2019s Health is a community of over 400 providers across nearly 150 locations committed to providing a more caring, connected, and progressive health care experience for women. Its rapidly growing network spans OB\/GYN care, breast health, high-risk pregnancy care, urogynecology care, behavioral health, and fertility. Together, Axia Women\u2019s Health puts women first by delivering the personalized care needed for women to lead healthier, happier lives. Axia Women\u2019s Health has been recognized as the #1 Physician Practice for Women\u2019s Health by Castle Connolly and certified as a Great Place to Work for five consecutive years. Learn more at www.axiawh.com<\/a>.<\/p>